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Memphis News & Weather | Memphis, TN | WATN - localmemphis.com

Memphis athletic department to receive $13 million donation

Memphis has announced that alumnus Gary W. Bryant and his wife have pledged $13 million to boost the school’s athletic department by establishing a trust.

MEMPHIS, Tenn. (AP) —Memphis has announced that alumnus Gary W. Bryant and his wife have pledged $13million to boost the school’s athletic department by establishing a trust.

This represents thelargest commitment in the athletic department’s history and second-largest giftin the university’s history.

The Gary and BarbaraBryant Athletic Excellence Fund will be an endowment funded through their estate.Funds will be used at the athletic department’s discretion.

Gary Bryant graduatedfrom Memphis in 1972 with a degree in business administration. He became acertified public accountant and later was a president and CEO of several lifeand health insurance companies.

Bryant said in astatement that “Barbara and I have been pretty athletic throughout ouryears, and we both believe strongly in obtaining a quality education to openmore doors and opportunities.”